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Refer to Figure 16-5. If the economy is at point 6, and the natural unemployment rate exists at points 1, 4, and 5, it follows
Refer to Figure 16-5. If the economy is at point 6, and the natural unemployment rate exists at points 1, 4, and 5, it follows that a. Real GDP is the same as Natural Real GDP. b. the economy is in an inflationary gap. c. Real GDP is greater than Natural Real GDP. d. Real GDP is less than Natural Real GDP
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
